XJT does tons of feeder flights for UAL as one poster noted, UAL allowing XJT to go under is simply cutting their own throats. I wouldn't be surprised if UAL puts an offer or flat out buys XJT before year's end with the continued promise of a new contract and new sign on bonus (legit ones) to retain current pilots after the new year. Problem is if INC allows XJT to go under, someone will have to absorb those hard assets (planes, bases) to keep feeding UAL and I don't think any other regional has the capital to do that as they are having a hard enough time to fill their own pilot positions.
The one monkey wrench in all of this are the departures of the CRJ. With those gone XJT has now bloated themselves with unprofitable 145s. I would expect to hear something very soon regarding a buyout, if not, the next few months are going to be very interesting.